OGG Basic Materials

Osisko Gold Group Inc.

$2.20-3.93%

Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Basic Materials
Industry: Gold
Country: Canada
Market cap: 672.8M USD
Enterprise value: 463.9M USD
Full-time employees: 102

Overall health

Strength: growing faster than most peersgrowing faster than peers
Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.94 vs a peer median of 0.69)higher risk: bigger price swings (beta 1.94 vs peers 0.69)

Ranks #1,099 of 1,217 basic materials companies (bottom 10%)

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 237% from December 2022 to December 2025.
Osisko Gold had 237% more shares at December 2025 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Osisko Gold had 237% more shares at December 2025 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.
Stock-based pay is a large cost. Stock pay was 11% of revenue in 2025.
Osisko Gold paid employees CAD 4M in stock in 2025, 11% of its CAD 35M revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.
Operating margin improving. Operating margin -230% in 2025, the best of the last 5 years, but the dollar loss grew to CAD 82M from CAD 62M.
Osisko Gold still lost money on operations in 2025. Revenue grew faster than costs, so the margin (-230%) was its best in the 5 years of filings we have, but the operating loss itself grew to CAD 82M from CAD 62M.
Investment surge. Capital spending 270% of revenue, up from 46% in 2022.
Osisko Gold is spending 270% of revenue on facilities and equipment, up from 46% in 2022. That weighs on free cash flow today; whether it pays off depends on the returns those investments earn.

StockQuotient Score

23/ 100

Oct 5 23 → Nov 4 23

Valuation

Is the price right?

8/100

Weak

3/3 inputs reported · High confidence

Since last year: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-21.3%

SEC filings (IFRS mapped) · 12 months to Dec 2025 · CAD→USD at the current rateNegative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.00Sector median: 0.0364 · MAD: 0.0364

EBITDA yield-2.3%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 months · CAD→USD convertedNegative (a loss or cash outflow), so it counts as zero whatever the share price50% base weight · Z-score -1.64Sector median: 0.0854 · MAD: 0.0520

Free cash flow yield-15.3%

SEC filings (IFRS mapped) · 12 months to Dec 2025 · CAD→USD at the current rate · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.00Sector median: 0.0261 · MAD: 0.0261

Other data (not scored)

Book yield86.2%

SEC filings (IFRS mapped) · latest balance sheet · CAD→USD at the current rateReported valueInformational · 0% composite weightSector median: 0.5947 · MAD: 0.3137

Growth

Is it growing?

69/100

Moderate▲ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last year: ▲ Stronger

12-month revenue up 678.0%

Why it changed since the Oct 27, 2026 close: Score 68 → 69

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

The loss per share widened33% base weight · Z-score -1.09Sector median: 0.0941 · MAD: 0.3300

3-year revenue growth-17.9%

SEC filings (IFRS mapped) · 3 years to Dec 2025Reported value33% base weight · Z-score -2.46Sector median: -0.0005 · MAD: 0.0725

Revenue growth678.0%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score 5.97Sector median: 0.0335 · MAD: 0.0952

Profitability

Does it earn well?

0/100

Weak

3/3 inputs reported · High confidence

Since last year: No major change

Why

Weaker than most peers on:

▼ Operating margin
▼ ROA
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-230.4%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score -4.60Sector median: 0.0757 · MAD: 0.0617

Return on assets-13.4%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.78Sector median: 0.0249 · MAD: 0.0265

Return on invested capital-15.9%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.22Sector median: 0.0675 · MAD: 0.0575

Other data (not scored)

Gross margin60.9%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported valueInformational · 0% composite weightSector median: 0.2138 · MAD: 0.1202

Return on equity-24.8%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported valueInformational · 0% composite weightSector median: 0.0537 · MAD: 0.0694

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last year: Changed: worth a look

Debt up 216%, still less than its cash

Why

Weaker than most peers on:

▼ Beta
▼ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.94

Yahoo Finance · 5-year monthly beta vs the marketOutlier capped at sector 5th/95th percentile33% base weight · Z-score -3.96Sector median: 0.6950 · MAD: 0.2810

Current ratio1.45×

SEC filings (IFRS mapped) · latest balance sheetReported value33% base weight · Z-score -0.47Sector median: 1.7610 · MAD: 0.6770

Debt / equity0.21×

SEC filings (IFRS mapped) · latest balance sheetReported value33% base weight · Z-score 0.50Sector median: 0.3578 · MAD: 0.2929

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Osisko Gold

Is Osisko Gold getting weaker?: Its latest SEC filing (Mar 30, 2026) showed no major changes: debt up 216%, still less than its cash. Its overall score is unchanged at 23/100 since Oct 28, 2026.
How is Osisko Gold valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 8/100 against 1,371 basic materials peers. Earnings yield -21.3% vs a peer median of 3.6% (weaker than 100% of peers).Earnings yield -21.3% vs peers 3.6% (weaker than 100% of peers).
Is Osisko Gold growing?: Yes, faster than most of its peers. Growth scores 69/100 against 1,371 basic materials peers. Revenue growth 678.0% vs a peer median of 3.4% (stronger than 95% of peers).Revenue growth 678.0% vs peers 3.4% (stronger than 95% of peers). 3-year revenue growth -17.9% vs a peer median of -0.0% (weaker than 94% of peers).3-year revenue growth -17.9% vs peers -0.0% (weaker than 94% of peers).
How profitable is Osisko Gold?: Less profitable than most of its peers. Profitability scores 0/100 against 1,371 basic materials peers. Operating margin -230.4% vs a peer median of 7.6% (weaker than 100% of peers).Operating margin -230.4% vs peers 7.6% (weaker than 100% of peers).
How risky is Osisko Gold?: Higher risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings. Debt / equity 0.21× vs a peer median of 0.36× (stronger than 63% of peers).Debt / equity 0.21× vs peers 0.36× (stronger than 63% of peers). Beta 1.94 vs a peer median of 0.69 (weaker than 100% of peers).Beta 1.94 vs peers 0.69 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Year ended Dec 31, 2025 · filed Mar 30, 2026 · compared with the year ended Dec 31, 2024

No major changes

Debt up 216%, still less than its cash

Worth watching: Osisko Gold is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous year	Latest year	Change
Revenue (12 months)	4.6M CAD	35.5M CAD	+678.0%
Net income (12 months)	−86.3M CAD	−169.0M CAD	+95.7%
Operating margin	-1607.6%	-230.4%	+1377.2 pts
Free cash flow (12 months)	−57.2M CAD	−120.9M CAD	+111.3%
Debt	45.8M CAD	144.6M CAD	+215.5%
Cash	106.7M CAD	422.3M CAD	+295.9%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one year at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year · amounts in CAD, as reported

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	0.0%	11.6%	-2.1%	-4.8%	60.9%	▲ 66 pts
Operating margin	-2054.1%	-365.8%	-662.3%	-1368.2%	-230.4%	▲ >999 pts
Net margin	-1740.0%	-300.5%	-575.1%	-1893.5%	-476.4%	▲ >999 pts
Return on assets (ROA)	-19.0%	-19.9%	-23.8%	-10.1%	-13.4%	▼ 3.3 pts
Return on equity (ROE)	-22.8%	-26.3%	-31.1%	-15.1%	-24.8%	▼ 9.6 pts
Free cash flow margin	-1161.1%	-124.4%	-193.9%	-1943.1%	-340.7%	▲ >999 pts
Current ratio	1.47×	2.77×	1.18×	0.85×	1.45×	▲ 70%
Quick ratio	1.02×	2.42×	1.06×	0.79×	1.42×	▲ 79%
Debt to equity	0.01×	0.02×	0.03×	0.08×	0.21×	▲ 159%
Interest coverage	—	-40.67×	-15.66×	-7.09×	-12.25×	▼ 73%

OGG price history

Price history is added with the daily price update and will appear after the next one.

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Sector leaderboards

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Bringing the fundamentals into focus…

Overall health

Strength: growing faster than most peersgrowing faster than peers

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.94 vs a peer median of 0.69)higher risk: bigger price swings (beta 1.94 vs peers 0.69)

Ranks #1,099 of 1,217 basic materials companies (bottom 10%)

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 237% from December 2022 to December 2025.

Osisko Gold had 237% more shares at December 2025 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Osisko Gold had 237% more shares at December 2025 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.

Stock-based pay is a large cost. Stock pay was 11% of revenue in 2025.

Osisko Gold paid employees CAD 4M in stock in 2025, 11% of its CAD 35M revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.

Operating margin improving. Operating margin -230% in 2025, the best of the last 5 years, but the dollar loss grew to CAD 82M from CAD 62M.

Osisko Gold still lost money on operations in 2025. Revenue grew faster than costs, so the margin (-230%) was its best in the 5 years of filings we have, but the operating loss itself grew to CAD 82M from CAD 62M.

Investment surge. Capital spending 270% of revenue, up from 46% in 2022.

Osisko Gold is spending 270% of revenue on facilities and equipment, up from 46% in 2022. That weighs on free cash flow today; whether it pays off depends on the returns those investments earn.

Questions investors ask about Osisko Gold

Is Osisko Gold getting weaker?

Its latest SEC filing (Mar 30, 2026) showed no major changes: debt up 216%, still less than its cash. Its overall score is unchanged at 23/100 since Oct 28, 2026.

How is Osisko Gold valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 8/100 against 1,371 basic materials peers. Earnings yield -21.3% vs a peer median of 3.6% (weaker than 100% of peers).Earnings yield -21.3% vs peers 3.6% (weaker than 100% of peers).

Is Osisko Gold growing?

Yes, faster than most of its peers. Growth scores 69/100 against 1,371 basic materials peers. Revenue growth 678.0% vs a peer median of 3.4% (stronger than 95% of peers).Revenue growth 678.0% vs peers 3.4% (stronger than 95% of peers). 3-year revenue growth -17.9% vs a peer median of -0.0% (weaker than 94% of peers).3-year revenue growth -17.9% vs peers -0.0% (weaker than 94% of peers).

How profitable is Osisko Gold?

Less profitable than most of its peers. Profitability scores 0/100 against 1,371 basic materials peers. Operating margin -230.4% vs a peer median of 7.6% (weaker than 100% of peers).Operating margin -230.4% vs peers 7.6% (weaker than 100% of peers).

How risky is Osisko Gold?

Higher risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings. Debt / equity 0.21× vs a peer median of 0.36× (stronger than 63% of peers).Debt / equity 0.21× vs peers 0.36× (stronger than 63% of peers). Beta 1.94 vs a peer median of 0.69 (weaker than 100% of peers).Beta 1.94 vs peers 0.69 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous year

Latest year

Change

Revenue (12 months)

4.6M CAD

35.5M CAD

+678.0%

Net income (12 months)

−86.3M CAD

−169.0M CAD

+95.7%

Operating margin

-1607.6%

-230.4%

+1377.2 pts

Free cash flow (12 months)

−57.2M CAD

−120.9M CAD

+111.3%

Debt

45.8M CAD

144.6M CAD

+215.5%

Cash

106.7M CAD

422.3M CAD

+295.9%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

0.0%

11.6%

-2.1%

-4.8%

60.9%

▲ 66 pts

Operating margin

-2054.1%

-365.8%

-662.3%

-1368.2%

-230.4%

▲ >999 pts

Net margin

-1740.0%

-300.5%

-575.1%

-1893.5%

-476.4%

▲ >999 pts

Return on assets (ROA)

-19.0%

-19.9%

-23.8%

-10.1%

-13.4%

▼ 3.3 pts

Return on equity (ROE)

-22.8%

-26.3%

-31.1%

-15.1%

-24.8%

▼ 9.6 pts

Free cash flow margin

-1161.1%

-124.4%

-193.9%

-1943.1%

-340.7%

▲ >999 pts

Current ratio

1.47×

2.77×

1.18×

0.85×

1.45×

▲ 70%

Quick ratio

1.02×

2.42×

1.06×

0.79×

1.42×

▲ 79%

Debt to equity

0.01×

0.02×

0.03×

0.08×

0.21×

▲ 159%

Interest coverage

—

-40.67×

-15.66×

-7.09×

-12.25×

▼ 73%